The Big 4 Cane Village Holiday Park Bundaberg has been sold for more than AU$7 million to private park owner Tim Eddy, who also serves as the president of the Caravan Parks Association of Queensland. The transaction was managed by HTL Property, represented by Andrew Jackson, national director, and Paul Nyholt, Queensland director.
The property spans 1.80 hectares of freehold land and includes 106 sites. Of these, 83 are designated for short-term stays, featuring primarily powered campsites and cabins, while the remaining 23 are allocated to long-term tenants and permanent residents.
According to an article published by The Hotel Conversation, Eddy expressed enthusiasm for the acquisition, citing Bundaberg’s growing appeal as both a tourist destination and a residential area. “I really like this park and see a lot of potential for growth here. The region of Bundaberg is growing in popularity every year, both as a tourist destination as well as a popular place to live,” Eddy said.
Bundaberg, situated on Queensland’s Coral Coast, is a thriving regional city with a population exceeding 102,000 and an extended economic catchment of approximately 330,000. The local economy, supported by robust agriculture and tourism industries, has experienced a year-over-year growth rate of 7.7%, the second highest in the state.
Eddy plans to explore opportunities to enhance the park’s offerings, particularly in response to the demand for cabin-style accommodations. He stated, “The park is well laid out and presents most impressively. We see an opportunity to immediately bolster the cabin inventory on-site, given the strong demand for this accommodation type from both short-stay guests and longer-term stays.”
HTL Property highlighted the dual-income nature of mixed-use holiday parks, describing them as assets with stable and lucrative revenue streams. Nyholt emphasized the investment potential, noting that the combination of short-term tourist rentals and long-term residential arrangements provides financial resilience. “Modern-day parks offer facilities akin to luxury resorts and represent an asset class that offers strong investment fundamentals,” Nyholt said.
The park’s location further enhances its appeal. It is within walking distance of key amenities, including Stockland’s Sugarland Plaza, cinemas, social clubs, and parks. Its convenient positioning is expected to support continued strong occupancy rates, particularly as regional tourism grows.
HTL Property also noted the strategic potential of the park’s approved development application to reconfigure the property into a 105-site manufactured home estate. This flexibility provides additional opportunities for the new owner to adapt the business model to evolving market demands.
Jackson also commented, “Transactional activity has enjoyed a significant uptick in activity over the past quarter. As such, we are receiving strong interest for all types of assets and from all types of investors.”
Eddy acknowledged the challenges and excitement associated with taking over a new park, describing it as a phase of exploration and growth. “We are exploring the opportunities at the moment. It’s always a challenging time taking over a new park, but it is also an exciting phase exploring what changes we might implement going forward,” Eddy explained.
